DUNEDIN HOUSING

New Zealand Herald, Volume LXXV, Issue 23010, 11 April 1938, Page 10

DUNEDIN HOUSING

ANOTHER £IOO,OOO REQUIRED LARGE SUM ALREADY SPENT [BV TELEGRArH —OWN CORRESPONDENT]), DUXEDIN, Saturday A' recommendation that the council should take action to obtain a third housing loan of £IOO.OOO is contained in a report of the finance committee to* bo presented to the Dunedin City Council on Monday night. Almost the whole of the £200,000 already raised has been absorbed.

A survey of the progress made with the council's housing scheme discloses the fact that 144 contracts for the construction of duellings have been let, involving a total expediture of £166.951, and of this number SO houses are already occupied, the report states. Negotiations are also in progress with a further 28 applicants, and when completed the whole of the £200,000 already authorised will have been allotted. In addition, there are a further 125 appli cations still to be dealt with. It is clear, therefore, the report adds, that a further loan will be needed if these applications are to be met, and provision made for any further applications that may come in. The committee. accordingly, recommends that authority should be granted to take the necessary steps to obtain sanction to the raising of a third loan for housing purpose*.